Indiana Mortgage Calculator
Estimate the monthly PITI payment on a Indiana home. Preseeded with the state’s 0.85% effective property-tax rate, $1,300 average annual insurance, and $240,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$1,572
- Principal & Interest
- $1,214
- Property Taxes
- $170
- Home Insurance
- $108
- PMI
- $80
Total Interest
$244,885
Total Cost
$537,085
Payoff Year
2056
Indiana Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 0.85%
- Avg annual insurance
- $1,300
- Median home price
- $240,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Indiana Rules
Indiana caps property tax at 1% of assessed value for primary homesteads (the “circuit-breaker” cap). Standard and supplemental homestead deductions reduce assessed value before the cap is applied, so most owner-occupiers pay below the cap rate.
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Frequently Asked Questions
- Indiana's statewide effective property-tax rate is approximately 0.85% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.